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25 September 2024 | 11 replies
This is also programmed into our PM software, so it happens automatically.Our lease also states what rent will be applied and in what order and also a security deposit.So, you may want to check these documents to see if this is covered with your PMC.While we always try to be fair with our clients, we also have to generate enough income to pay our bills.
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27 September 2024 | 47 replies
For me I'd like cash flow so I'd buy a place to turn into an airBNB in an appreciating city here, and generate enough income to buy another in a year or so.
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24 September 2024 | 6 replies
@Courtney HamiltonI have found that my rental listings are no longer Auto pushed to Zillow even though Zillow generates by far the most traffic for a rental listing almost 70% of the leads are from ZillowWhen you do your market analysis I would highly recommend pricing your property $50 below your competition because best products and best price equals the best tenant.
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24 September 2024 | 12 replies
Focus on cash flow and ensure properties generate positive cash flow after all expenses.
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25 September 2024 | 8 replies
Roth IRAs offer tax-free growth, meaning that rental income, appreciation, and gains generated within the account are not taxed, but you cannot take advantage of deductions like depreciation or mortgage interest on your personal tax return.
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27 September 2024 | 16 replies
Arizona and going for quality properties vs. quantity and long term goals and passing on generational wealth.
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27 September 2024 | 27 replies
The last time I did an insurance MTR it involved my work truck, an alternating current generator, 150 feet of extension cord, a sawzall, an appliance dolly, my 14 foot trailer, a house with fire damage and a $3000 Samsung French door fridge.Don't expect to make any money without doing any work.
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26 September 2024 | 10 replies
I don't know what drawings were generated by the designer, better to bite bullet and have a local licensed architect do it the right way.
25 September 2024 | 8 replies
We only have this on our 3+ bedroom and it is not a big revenue generator except on our largest houses which do not have much competition as it stands.
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24 September 2024 | 1 reply
I believe the rental market will be strong in the coming years partly because the younger generation of adults are less likely to "settle down," and the price of home ownership is significantly higher than it was just five years ago.